Seventy Ninth Resources Ltd has announced the identification of multiple gold-in-soil anomalies at the LM project strategically located in the Siguiri Basin, Republic of Guinea, West Africa.
Seventy Ninth currently runs an exploration team in Guinea on five projects with an additional exploration programme in Ontario, Canada.
Highlights:
- Multiple gold-in-soil geochemical anomalies identified at the 41.2 km2 LM project.
- Soil anomalies coincident with major 8 km north-south trending structure.
- High-grade results from artisanal pit sampling including 10.74g/t Au and 8.32g/t Au.
- Gold-in-soil anomalies to form the priority targets for a ground geophysical survey.
- LM is strategically located in the prolific Siguiri basin gold belt, hosts numerous open-pit mines.
“The soil sampling programme at the LM gold project, conducted by the company’s in-house field team, has yielded multiple anomalies, many of which coincide with an interpreted north-south trending geological structure that cuts through the project area for 8 km”, said Will Slater, Seventy Ninth Resources Chief Geologist.
“Five discrete gold-in-soil anomalies ranging from 200 – 800 m coincide with the interpreted structure. The geochemical anomalies identified will be the priority target areas for a ground geophysical survey that will take place shortly”, he added. The geophysical survey aims to provide a detailed understanding of the geological structures associated with the gold-in-soil anomalies.
Natalie Bellis, CEO of Seventy Ninth Resources, commented, “We are excited by this next step in the advancement of the LM gold project. The results of the soil sampling programme are a testament to the company’s ability to systematically generate good quality targets across our portfolio of projects.”
“Concurrent with the soil sampling, a programme of artisanal pit wall mapping and sampling was undertaken. Assay results from this programme returned high gold grades, including 10.74g/t Au and 8.32g/t Au. Analysis of the mapping data indicated a dominant north-south to north-east trend in the mineralised structures, which will aid further targeting”, said Slater.